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Yes, why doesn't the US have something like our SEPA where we can just transfer money to someone's account?
by skeletal88 5y ago
Yes, why doesn't the US have something like our SEPA where we can just transfer money to someone's account?
- salawat 5y agoBecause the U.S. financial system, and access to it is a very powerful tool in terms of international diplomacy, and a crucial source of evidence/intelligence for law enforcement. Trivial abilities to move money around and an inability to lock out financial endpoints would completely neuter it's utility as sanctioning measure.